Cryptocurrency whale started selling Ethereum to pay his debts.
Reported by on-chain analysis platform Lookonchain to data according to DeFi platform Spark on $110 million A cryptocurrency whale with a debt worth $100,000 took action on March 13.
The data shows that the whale in question $60.3 million worth 15,078 Ethereum He revealed that he removed it from staking and transferred it to cryptocurrency exchanges Binance and Bitfinex.
The health rate of Whale’s stablecoin debt position in Spart is currently at 1.57 is positioned and is expected to sell Ethereum and pay off its debt.
After the critical Dencun upgrade that took place today in Ethereum, there was a small-scale price sale. According to CoinGecko data, Ethereum lost 0.6% in value in the last 24 hours, at the time of writing. from $3,977 is being traded.